Did you incur investment losses with Carlos Benavidez Jr.?
The Securities Law Firm of Menzer & Hill, P.A. is investigating claims involving Carlos Benavidez Jr. formerly of Waddell & Reed related to his alleged discretionary trades without written authorization.
Benavidez has been suspended by FINRA.
Fortunately, for those investors that incurred losses investing with Benavidez may be able to recover those losses through the FINRA arbitration process.
Under FINRA rules and regulations, Broker-Dealers are responsible for supervising the actions of those advisors registered with their firm, and therefore may be held liable for the actions of their Broker(s).